7 October 2013
ROLLS-ROYCE AWARDED UP TO $496 MILLION FOR T56 ENGINE SUPPORT
Rolls-Royce has been awarded two contracts worth a combined value up to $496 million to support T56 engines on US government aircraft.
Under a $406 million, six-year contract, Rolls-Royce will provide parts, plus field and engineering support, for thousands of T56 engines. The contract was awarded by the Defense Logistics Agency and will support approximately 1,000 C-130, P-3 and C-2 aircraft in service with the US Air Force, Navy, Coast Guard and Customs and Border Control and international fleets.
A separate contract from the US Navy for up to $90 million includes engine repairs for E-2 Hawkeye aircraft, which are powered by two T56-A-427 engines. The five-year contract is renewable annually and is valued at $17 million for the first year.
Paul Craig, Rolls-Royce, President Defense Services, said, "These contracts demonstrate our continued success in supporting our customers and the thousands of Rolls-Royce T56 engines powering their operations. Our mission remains the same: to keep these fleets in the air as their operators require, and we will continue to focus on innovative solutions to provide affordable support for our customers."
Rolls-Royce T56 engines have been in production since the 1950s and have been proven in the field as dependable and efficient powerplants operating around the globe. The T56 engine fleet has accumulated more than 200 million engine flight hours.
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
3. Underlying revenue was $19.5* billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at $110.7 billion at 30 June 2013, providing visibility of future levels of activity.
4. Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
5. In 2012, Rolls-Royce invested $1.47 billion on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company's engineers with the forefront of scientific research.
*Based on an exchange rate of $1.60
For further information, please contact:
For media:
George McLaren
Rolls-Royce - Defense Communications
Tel: 317 366-9624 (US)
E: [email protected]
For Investors:
Simon Goodson
Director - Investor Relations
Rolls-Royce plc
Tel: +44 (0)20 7227 9237
[email protected]
www.rolls-royce.com
